Greggs plc (LON:GRG) Receives Consensus Recommendation of “Hold” from Analysts

Greggs plc (LON:GRG) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 1,881.43.

Several equities research analysts recently commented on GRG shares. Berenberg Bank boosted their price objective on shares of Greggs from GBX 2,090 to GBX 2,200 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,610 target price on shares of Greggs in a report on Wednesday, July 29th. UBS Group restated a “buy” rating and set a GBX 2,200 target price on shares of Greggs in a research report on Monday, May 11th. Shore Capital Group reaffirmed a “hold” rating on shares of Greggs in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their price target on shares of Greggs from GBX 1,830 to GBX 1,960 and gave the company a “sector perform” rating in a research report on Friday, July 31st.

Greggs Price Performance

Shares of LON:GRG opened at GBX 1,847 on Friday. The firm has a market capitalization of £1.88 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 3.39 and a beta of 1.16. The company has a debt-to-equity ratio of 74.16, a current ratio of 0.52 and a quick ratio of 0.88. The business’s 50 day simple moving average is GBX 1,718.47 and its 200-day simple moving average is GBX 1,653.46. Greggs has a 12 month low of GBX 1,407.20 and a 12 month high of GBX 2,046.

Greggs (LON:GRG) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 55.10 earnings per share for the quarter. Greggs had a return on equity of 20.97% and a net margin of 5.93%. As a group, equities analysts forecast that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard Hutton sold 3,069 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of GBX 1,926, for a total value of £59,108.94. Insiders own 0.62% of the company’s stock.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,700 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items. Greggs also offers a healthier options range which includes a selection of gluten-free, vegan-friendly and lower calorie products.